Agreements for Highway 37 Transmission Line Signed

Agreements for Highway 37 Transmission Line Signed

By 250 News

Friday, May 28, 2010 03:40 PMVictoria, B.C. -   Agreements signed today will  help  set the stage for the development of the Northwest Transmission Line.

Clean energy agreements between BC Hydro, British Columbia Transmission Corporation (BCTC), Coast Mountain Hydro L.P., a wholly owned  subsidiary of AltaGas Income Trust Ltd. (AltaGas) and the Tahltan Nation will  help to create jobs, provide clean and renewable electricity to B.C.'s Northwest, and power the development of the Northwest Transmission Line (NTL)

The agreements, which will support construction of the NTL, include:

 

* A $180-million umbrella agreement between AltaGas and BCTC for the construction and development of the NTL.
* An electricity-purchase agreement between BC Hydro and AltaGas for the Forrest Kerr clean energy project near Bob Quinn Lake.
* An impact-benefit agreement between AltaGas and the Tahltan Nation for the Forrest Kerr project.

 

The NTL project also includes $130 million in funding through the Government of Canada's Green Infrastructure Fund, announced by Prime Minister Stephen Harper last September. The estimated ratepayer contribution to the NTL will be
$94 million, which is expected to be offset by contributions from future clean, renewable energy projects and/or mine developments.

 

The NTL is a $404-million, 287-kilovolt, 335-kilometre, publicly owned transmission line from Skeena Substation (near Terrace) to Bob Quinn Lake. It will provide a secure interconnection point for clean generation projects, supply clean electricity to support industrial developments in the area, and reduce greenhouse gas emission by enabling communities now relying on diesel generation to connect to the grid.

 

An application for an environmental assessment certificate for the NTL was accepted by the B.C. Environmental Assessment Office on April 14, 2010. The 180-day application review period is underway, and public meetings have been
held in the project area.

 

Construction of the NTL is scheduled to begin in late 2010 and will create an estimated 280 construction jobs, subject to receiving necessary environmental assessment and regulatory approvals and accommodation of First Nations' interests.

Above copy courtesy of:

 

 

Best regards

 

Dean Birks

 

Royal LePage Prince George

Posted via email from Prince George Real Estate

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